RUSSIA

X5 Retail Group experienced consolidated net retail sales growth of 24% to RUR341.6m (£7.2m) in the 2010 fiscal year. Revenue rocketed 35% year on year in the fourth quarter, helping growth. Grocer Kopeika’s December sales contributed about 2% to X5’s consolidated financial results. Like-for-like sales jumped 7% in ruble terms year on year, with traffic up 3% and basket size up 4%.

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